San Ramon News
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Chevron Corp., the second-biggest U.S. oil company, said it’s preparing an investment that will help make the country energy independent by developing what could be the world’s second-largest shale oil reservoir.
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Petroleo Brasileiro SA, the state-run oil producer, stands to profit the most from Brazilian measures to boost ethanol output as rising biofuel supplies reduce the need to sell imported gasoline at a loss.
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Three of Europe’s biggest oil explorers are among companies being questioned by European antitrust regulators about potential manipulation of prices in the $3.4 trillion-a-year global crude market.
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Chevron Corp. will become the first major oil company to partner with YPF SA to develop shale oil and a final deal is expected in July, YPF said.
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Baker Botts LLP announced three lateral hires last week including international tax lawyer Don J. Lonczak and capital markets lawyer Bonnie A. Barsamian.
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Chevron Corp. is entitled to unspecified damages against the federal government in a contract dispute over oil deposits in California worth $37 billion, the U.S. Court of Claims ruled.
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Chevron Corp. lost a bid to stop Chief Executive Officer John Watson from being questioned by the attorney the company is suing over claims he committed fraud to win a $19 billion verdict in a pollution case in Ecuador.
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A claim by a group of Ecuadorean villagers seeking to seize Chevron Corp.’s Canadian assets was stayed by a judge in Ontario at Chevron’s request.
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InterOil Corp., the natural gas explorer in the South Pacific that’s seeking a partner for its biggest project, may attract an acquirer instead after its founder retired this week.
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Argentina’s Eurnekian family, after becoming billionaires from media and airports, is planning to become the government’s first shale oil and gas partner.
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